Q4 Earnings Season Kicks Off!
Q4 earnings season is underway, and it looks likely that many companies will end the financial year reporting record-breaking profits. Strong monetary and fiscal stimulus along with countries lifting COVID-19 restrictions has seen many large-cap businesses flourish in 2021 – with tech, cyclical, financial sectors all being some of the biggest winners this year.
Looking back to the previous quarter, there were some very impressive earnings reports. Tech companies like Alphabet, Microsoft and Nvidia delivered better-than-expected reports, beating analysts EPS estimates by 18%, 9% and 5%, respectively. However, some companies did underperform last quarter, including big names like Intel, Disney and Visa, resulting in its share price taking a hit.
Here’s a list of the biggest winners and losers from Q3 2021 earnings*:
Biggest Winners | Biggest Losers |
---|---|
Ford +8.63% | Intel -11.76% |
Nvidia +8.28% | Twitter -10.92% |
Alphabet +4.70% | Disney -7.16% |
Microsoft +4.31% | Visa -7.03% |
Uber +4.29% | Volkswagen -4.14% |
*Intraday performance following the release of the Q3 earnings report.
Although Q3 was largely a successful period for companies, in terms of earnings, it wasn’t all plain sailing. Many companies had to deal with growing issues like inflation and supply chain shortages, impacting businesses bottom line. If these issues continue to persist, it will likely cause stock market volatility, potentially providing some ideal trading opportunities.
Upcoming Earnings Dates
Check out the complete list here to discover which companies will be reporting their earnings over the coming weeks. Also, be sure to follow our social media pages, where we’ll provide you with all the latest Q4 earnings updates!
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Since its founding in 2001, easyMarkets has offered its clients the tools and conditions necessary to achieve their trading goals. This includes a price transparency guarantee, we never charge hidden, or funding fees and our fixed spreads never change during trading hours. Both easyMarkets proprietary platform and the popular MT4 are available on web and mobile, so you can trade anywhere you have an internet connection.